Business news from Ukraine

New well of Ukrgasvydobuvannya produces 274 thousand cubic meters of gas per day

Ukrgasvydobuvannya JSC (UGV), a part of Naftogaz Group, has commissioned a new high-performance well with a daily production rate of 274 thousand cubic meters of gas.

As reported on the group’s website on Tuesday, the well’s peculiarity is that the planned bottom hole is located directly under a settlement.

“The commissioning of the new well increased daily gas production at the field by 17%. The next well is next in line, which will be put into operation in August this year,” said Oleksiy Chernyshov, Chairman of Naftogaz Group.

The idea to drill the well belongs to Andriy Tiro, UkrNDIGas developer, who assessed the field’s production potential and found a remote site for its development. The development team performed a detailed geological and technical study and recommended the well for drilling.

“It was possible to drill a well under the settlement due to modern drilling equipment, advanced technologies and skill of Ukrburgaz specialists, who solved a rather difficult task and drilled a well with a bottom hole reach of more than 1300 m in four months,” said Serhiy Lagno, Chairman of Ukrgasvydobuvannya.

At the same time, the specialists of Ukrgazpromgeofizyka performed complex logging operations and determined the depth of gas-bearing formations in the conditions of a large wellbore angle.

In total, in the first half of 2024, UGV drilled 50 wells, of which 41 were put into operation.

As reported, in 2023, Ukrgasvydobuvannya launched 86 new wells, 24 of which had an initial flow rate of more than 100 thousand cubic meters, and in January-May 2024, 36 new gas wells, 11 of which are highly productive.

In 2022, UGV produced 12.5 billion cubic meters of natural gas (commercial), which is 3% less than in 2021. In 2023, the company produced 13.224 bcm of commercial gas, which is 0.679 bcm more than in 2022.

“In January-June 2024, Ukrgasvydobuvannya increased natural gas (commercial) production by 8.8% compared to the same period in 2023 – up to 6.913 bcm.

NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

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“TAS Agro” harvested record winter wheat crop

TAS Agro has completed harvesting winter crops and threshed about 24 thousand hectares of wheat and rapeseed, with a winter wheat yield of 6.3 t/ha, a record high for the agricultural holding’s history, the company’s press service reports on Facebook.
“The harvest of early grain crops was completed quite successfully, despite the difficulties and additional risk factors that accompanied farmers this year. Early spring, abnormal heat in June and July, and power cuts had virtually no impact on our businesses due to the introduction of advanced technologies, upgraded equipment and employee responsibility. We managed to implement an effective strategy for the entire range of agrotechnical operations, harvested the grain in the best possible time and also produced a record winter wheat crop. The Northern cluster became the leader in the company in terms of yield of this crop with 7 tons per hectare,” said Oleg Zapletnyuk, CEO of TAS Agro.
The agroholding specified that in 2024, the company will use its own equipment, which was updated during the year, to the maximum extent possible. Only combine harvesters were rented due to economic feasibility. Along with the harvesting campaign, we worked on organizing logistics and marketing of the harvested crop. Currently, the grain is accepted at pre-prepared elevator facilities.
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance) and pharmacy, as well as industry, real estate, and venture capital projects.
Before the war, TAS Agro Group cultivated 83 thousand hectares in Vinnytsia, Kyiv, Kirovohrad, Chernihiv, Mykolaiv, Sumy, Kherson, and Dnipro regions, where it grows soybeans, sunflower, rapeseed, wheat, barley, and corn. In addition, the agricultural holding is engaged in dairy farming (up to 5.5 thousand heads of cattle) and owns six elevators with a simultaneous storage capacity of 250 thousand tons.
The founder of TAS is Sergey Tigipko.

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Olga Harlan wins first medal for Ukraine’s national team at Olympics

Ukrainian sabre fencer Olha Harlan won a bronze medal at the 2024 Paris Olympics in a duel against Korean Choi Sibin, thus winning the first medal for the Ukrainian national team in the unofficial medal standings.
The match on Monday began with Harlan’s attacks, but the Korean seized the initiative and finished the first match with a score of 8:3, bringing it to 11:5 in the second match, but Harlan regained the initiative and held a series of seven successful shots in a row, bringing the score to 12:11. However, the Korean scored two successful touches to level the score at 13-13. The final two attacks were left to the Ukrainian, and the match ended with a score of 15:14.
For Olga Harlan, this is the fifth Olympic award in her career.

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International macrofinancial assistance to Ukraine (forecast to 2025 in billion USD)

International macrofinancial assistance to Ukraine (forecast to 2025 in billion USD)

Source: Open4Business.com.ua

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 02.05.2024 un data

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 02.05.2024 un data

Source: Open4Business.com.ua

Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.05.2024-31.05.2024)

Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.05.2024-31.05.2024)

Source: Open4Business.com.ua